A normalized oscillator of two curves, similar to the Aroon indicator.
The indicator logic is similar. The blue line is above the red one means that the trend is growing, red above blue - the trend is falling. Crossing of the lines means the moment of trend change.
This indicator was first implemented in MQL4 and published in the Code Base at mql4.com on 12.02.2008.
Figure 1. The WidnersOscilator indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1890
One of the indicators of tick volume with multiple EMAs by William Blau.JFATL_3HTF
Three smooth fast digital filters JFATL with three different timeframes displayed on the same chart.